Berg Hospitality Group, LLC 401(k) Review & Grade
Berg Hospitality Group, LLC 401(k) Plan
Houston, TXAccommodation & Food Services661 active participantsPlan year 2024
Estimate from the plan's Form 5500-SF filing · How we grade
$568Employer $ per active participant
$804Employee $ saved per active participant
0.52%Direct admin cost, % of plan assets
$1.4MNet plan assets, end of year
–Average balance per account (account count looks misreported)
Score breakdown
- Employer generosity37.0 / 5074th percentile for employer $ per participant
- Low cost5.4 / 2522th percentile for low admin cost vs. same-size plans
- Employee saving7.4 / 1549th percentile for employee $ per participant
- Plan features3 / 10Default investment
Total score53 / 100 · Grade C
This plan vs. peers
Peers: Accommodation & Food Services plans with 500–2,499 active participants (458 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 74th |
| Lower admin cost | 22th |
| Employee saving | 49th |
| Peers that auto-enroll | 17% |
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Red flags from the filing
No red flags were reported on this filing's compliance questions.
What to do if you're in this plan
- Berg Hospitality Group put in about $568 per active participant, more than the typical peer ($266). Contribute at least enough to collect the full match. Skipping it leaves part of your pay on the table.
- The filing shows total dollars, not the match formula. Ask HR for the Summary Plan Description so you know the exact match and vesting schedule.
- Direct plan expenses (0.52% of assets) are well above similar-size plans (0.23%). Check your annual fee disclosure, choose low-cost index funds if you can, and think about whether savings beyond the match belong in an IRA.
- Changing jobs? You can usually leave the money in the plan, move it to your new employer's plan, or roll it into an IRA. Don't cash out: you'd owe taxes and possibly a 10% penalty.
The raw numbers from the filing
| Employer contributions | $375,415 |
| Participant (employee) contributions | $531,422 |
| Other contributions (incl. rollovers in) | $252,994 |
| Administrative expenses paid from the plan | $4,995 |
| Benefits paid out | $289,441 |
| Net assets, start / end of year | $466,812 / $1.4M |
| Active participants, start / end of year | 619 / 703 |
| Participants with account balances | 121 |
| Auto-enrollment (feature code 2S) | Not reported |
Source: DOL EFAST2 Form 5500-SF filing, acknowledgment ID 20250813161854NAL0008970561001, received 2025-08-13, EIN 82-4127444, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.